Südzucker AG : The share is well oriented
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
€30.6 | €34.3 | €29.9 | +12.09% |
From a fundamental viewpoint, the group is in a good financial situation. Sales have increased by 11.2% on the current year, with a net margin of 5.38%. Analysts widely revised upward in recent times their earnings per share estimates, which is a reliable indicator reflecting the company is healthy.
From a technical viewpoint, prices are well oriented in a bullish trend on different time scales. This positive trend is expected to go toward EUR 31.2.
Therefore, investors could take a long position in Suedzucker, on crossing of the EUR 31.2 mid-term resistance. A stop loss should be placed at EUR 29.9.